Employee Retention at Reliance by Employee Stock Ownership Plan (ESOP)

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Reliance Capital, a leader in the financial services industry begins the Employee Stock Ownership Plan (ESOP) for selected employees for 150 crore as a Retention Scheme. The ESOP’s would be granted to 250 employees of Reliance Capital and other business units such as Reliance Capital Asset Management, Reliance Commercial Finance, Reliance Life Insurance, Reliance Securities and Reliance General Insurance.

This ESOP facility would provide a long term wealth creation opportunity to the employees and help in rewarding and retaining the key talents in the organisation. Moreover, it helps to develop a sense of ownership among the employees too. This initiative is a part of Reliance Capital’s Rewards Programme incentivizing the key employees for their contribution in the growth of the organisation. This program is aimed at recognizing the superior performance by top contributors in the organisation.

Image Credit: ShutterStock

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